Sanctuary Advisors LLC Lowers Holdings in Coupang, Inc. (NYSE:CPNG)

Sanctuary Advisors LLC lowered its position in shares of Coupang, Inc. (NYSE:CPNG) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,359 shares of the company’s stock after selling 856 shares during the quarter. Sanctuary Advisors LLC’s holdings in Coupang were worth $221,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Creative Planning boosted its position in shares of Coupang by 27.6% during the 3rd quarter. Creative Planning now owns 14,407 shares of the company’s stock worth $354,000 after purchasing an additional 3,117 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares during the period. United Advisor Group LLC boosted its holdings in Coupang by 27.4% during the third quarter. United Advisor Group LLC now owns 13,304 shares of the company’s stock worth $327,000 after buying an additional 2,865 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Coupang during the third quarter worth about $205,000. Finally, Ironsides Asset Advisors LLC increased its holdings in Coupang by 36.4% in the third quarter. Ironsides Asset Advisors LLC now owns 20,156 shares of the company’s stock valued at $495,000 after buying an additional 5,378 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 13.60% of the stock is owned by company insiders.

Coupang Stock Performance

Shares of CPNG stock opened at $23.98 on Thursday. The company has a market cap of $43.14 billion, a P/E ratio of 42.08, a PEG ratio of 52.20 and a beta of 1.11. The business has a 50 day moving average of $23.27 and a two-hundred day moving average of $23.91. Coupang, Inc. has a 52 week low of $17.34 and a 52 week high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CPNG. Citigroup cut their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a research report on Wednesday, February 26th. Barclays set a $35.00 price target on shares of Coupang and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Mizuho raised their price objective on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Coupang currently has an average rating of “Moderate Buy” and an average price target of $29.17.

About Coupang

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.